Sino Forest faces í«uniqueí» challenge ahead of HK listing

The parent company of Sino-Forest is listed in Toronto although all the company’s assets, 230,000 hectares of forest plantations, are in southern China. That has prompted Allen Chan, the company’s colourful CEO to announce plans to spin off the plantation assets for a Hong Kong listing, which could raise between $70-100 million dollars. However, there are no comparable companies listed in Hong Kong, meaning the company’s valuation will require plenty of investor education, says Chan.